Or, green, whatever

Oil is up on the day at $37.70 after falling as low as $36.64.

There is no rhyme or reason for the swings in crude today. It's symptomatic of a market that's out of balance and panicky.

The turn in oil is also breathing life into the commodity currencies. USD/CAD has fallen to 1.3560 after touching an 6 year high at 1.3622.